Bey­oncé Buys Out Ivy Park, Sev­ers Ties With Philip Green

Shoes & Accessories - - The Month That Was -

Bey­oncé has bought out her ath­leisure cloth­ing la­bel, Ivy Park, cut­ting ties from Top­shop ty­coon Sir Philip Green, who has been un­der fire for ha­rass­ment and bul­ly­ing claims.

Her com­pany Park­wood has re­port­edly bought out the Bri­tish busi­ness­man’s 50 per­cent share in Ivy Park, which she launched in 2016 with Green’s Ar­ca­dia Group.

Bey­once and Green an­nounced their part­ner­ship in 2014, re­veal­ing they were link­ing up to de­sign an ath­letic streetwear col­lec­tion to be sold at Top­shop. Bey­oncé mod­eled the first range.

In a state­ment, Ivy Park,“af­ter dis­cus­sions of al­most a year, Park­wood has ac­quired 100 per­cent of the Ivy Park brand. Top­shop/ Ar­ca­dia will ful­fill the ex­ist­ing or­ders.”

The buy­out comes weeks af­ter Green was ac­cused of sex­ual ha­rass­ment and work­place bul­ly­ing by a num­ber of his Ar­ca­dia Group em­ploy­ees. The bil­lion­aire has de­nied all of the ac­cu­sa­tions of sex­ual ha­rass­ment and racial abuse made by five for­mer em­ploy­ees.

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